Today on Stockhouse
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Frank Holmes looks at the key factors that are driving emerging markets like China.
Clif Droke looks at George Soros and his views on what will drive the next financial crisis.
Martin Hutchinson focuses on winners and losers in the ‘commodities new world order.’
Top Bullboards post: With Bridge Resources shares (TSX: V.BUK, Stock Forum) up 16%, Bullboards discussed the outlook for the company. EYAuditor is anticipating drill results from hole 2 and 3, the sale of North Sea Assets/Durango and retirement of debt. “Ithink there is only positive on the horizon from BUK for the next year.”
Top Bullboard: Horizons BetaPro NYMEX(R) Natural Gas Bull ETF (TSX: T.HNU, Stock Forum) was the top bullboard of the day when its shares eased 4%.
Top blog: LexLuthor2 suggests members take a look at this gold junior with a target price of $1.25 in his Lex Corp blog.
For news about small stocks that made big moves in Friday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“We're at a point in the rally where you need a continued increase in participation by individual investors," said strategist Carmine Grigoli, of Mizuho Securities in an interview with MarketWatch. "If people think other firms might be pulled into investigations like this, that could be a discouraging thing for those investors."
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| The AES Corp. (NYSE: AES) |
Q1 |
$0.26 vs $0.37 |
|
| Andarco Petroleum Corp. (NYSE: APC) |
Q1 |
$0.42 vs -$0.53 |
|
| Electronic Arts Inc. (NASDAQ: ERTS) |
Q1 |
$0.05 vs -$0.37 |
|
| Forest Oil Corp. (NYSE: FST) |
Q1 |
$0.47 vs $0.29 |
|
| Loews Corp (NYSE: L) |
Q1 |
$0.96 vs $0.77 |
|
| Sysco Corp. (NYSE: SYY) |
Q1 |
$0.40 vs $0.38 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| Absolute Software Corp. (TSX: T.ABT) |
Q1 |
N/A |
|
| Delphi Energy Corp. (TSX: T.DEE) |
Q1 |
N/A |
|
| Equinox Minerals Ltd. (TSX: T.EQN) |
Q1 |
N/A |
|
| Paramount Resources Ltd. (TSX: T.POU) |
Q1 |
N/A |
|
| Telus Corp. (TSX: T.T) |
Q1 |
$0.66 vs N/A |
|
Today In The Markets
TSX closes slightly higher after volatile day; oil and gold climb
|
| DJIA |
11,008.61 |
-158.71 |
 |
|
| NASDAQ |
2,461.19 |
-50.73 |
|
|
| S&P500 |
1,186.68 |
-20.10 |
|
|
| S&P/TSX |
12,210.70 |
+10.38 |
 |
|
| S&P/TSX Venture |
1,673.80 |
+13.83 |
|
|
Toronto & New York (the Canadian Press) - (The Canadian Press) The Toronto stock exchange closed slightly higher after a volatile day of trading in which the market had a hard time finding direction.
The S&P/TSX composite index added 10.38 points to 12,210.70 after briefly moving above 12,300 earlier in the day — its highest level since September 2008.
The market was boosted by higher oil and gold prices, while pressure on the downside came from technology and base metals stocks.
The price of gold jumped $11.90 to US$1,180.70 an ounce — its highest close in nearly five months — while oil added 98 cents to US$86.15 a barrel.
The Canadian dollar lost 1.02 cents to 98.44 cents US as security-seeking investors fled to the relative safety of the American greenback.
On Wall Street, the Dow Jones industrial average slumped 158.71 points to 11,008.61 while the Nasdaq fell 50.73 points to 2,461.19.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
UAL Corp's (NASDAQ: UAUA, Stock Forum) and Continental Airlines (NYSE: CAL, Stock Forum)
United Airlines have ironed out the last remaining wrinkle in their merger talks, paving the way for a deal that would create the world's largest carrier, two sources familiar with the matter said on Friday.
Newlook Industries Corp. (TSX: V.NLI, Stock Forum)
agreement with local developers to secure land and facilities for the construction of a methane gas power generation plant in Quebec. The deal is a first step to the conversion of biomass and residential waste to energy